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To: Lucius Cornelius Sulla
There are a number of the most left wing foundations established by wealthy conservatives who did not make sure that they would be run by conservatives.

They fell victim to vanity, thinking that they could establish a foundation that would further their philosophies and goals long after they were dead, that would not be captured by those with different philosophies

A conservative would be better served by having any foundation have a sunset clause, which would mandate that all the money be distributed to worthy conservative causes and individuals within 20 years, at which point the foundation terminates.

8 posted on 08/18/2008 7:10:56 AM PDT by PapaBear3625 ("In a time of universal deceit, telling the truth is a revolutionary act." -- George Orwell)
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To: PapaBear3625

Actually, a conservative would be better off spending as much of the money as possible while alive according to their wishes. That way no smooth-talking lawyer can twist his/her intent at all.

The other necessary tactic is to so narrowly construct one’s will and trust(s) that no lawyer can “interpret” your foundation/trust to their ends.

The sunset clauses AND the narrow construction are what kept the Olin Foundation on track:

http://en.wikipedia.org/wiki/John_M._Olin_Foundation


9 posted on 08/18/2008 8:16:13 AM PDT by NVDave
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